CFPB Director Talks Regulation and Debt Collection

first_img April 17, 2019 2,017 Views The Week Ahead: Nearing the Forbearance Exit 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago  Print This Post CFPB Debt Collection Robocalls Savings 2019-04-17 Seth Welborn Demand Propels Home Prices Upward 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Tagged with: CFPB Debt Collection Robocalls Savings Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago Previous: Search for New Wells Fargo CEO Taking Shape Next: How Homes Can Recover From Severe Weather Damage Demand Propels Home Prices Upward 2 days agocenter_img Seth Welborn is a Reporter for DS News and MReport. A graduate of Harding University, he has covered numerous topics across the real estate and default servicing industries. Additionally, he has written B2B marketing copy for Dallas-based companies such as AT&T. An East Texas Native, he also works part-time as a photographer. The Best Markets For Residential Property Investors 2 days ago On Wednesday, the Bipartisan Policy Center hosted Consumer Financial Protection Bureau (CFPB) Director Kathy Kraninger in a Keynote Address titled “The Next Phase for CFPB”. In this Video Spotlight, Kraninger spoke on consumer emergency savings issues and how the CFPB is addressing these problems.Kraninger also discussed rulemaking and guidance in regards to financial services.“Articulating clear rules for the road for regulated entities will promote competition, increase transparency, and preserve fair markets for financial products and services,” said Kraninger. “When Congress directs the CFPB to promulgate rules or address specific issues to rulemaking, we will comply with the law.”Additionally, Kraninger talked about the increased technology usage and its impact on debt collectors. Specifically, she discussed how the CFPB plans to address both human and “robocalls” from debt collectors. Noting that the Fair Debt Collection Practices Act (FDCPA) has not been updated since 1977, she proposed updating the Act and its rules to better reflect modern communications technologies in collections activities.Watch below to hear more from Kraninger’s Keynote Address. About Author: Seth Welborn The Best Markets For Residential Property Investors 2 days ago Related Articles in Daily Dose, Featured, Government, News CFPB Director Talks Regulation and Debt Collection Home / Daily Dose / CFPB Director Talks Regulation and Debt Collection Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Share Save Subscribelast_img

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